due to the Company incurred cost of fund from debentures and loan increase. Summary of Financial Statement of Positions 31-Dec-17 31-Dec-18 Change MB % MB % MB % Assets Cash and cash equivalents 6.0 0.2

business tax and transfer fee, following a decrease in transfer of real estate compared to the same period of 2019. 2) Administrative expenses in the first quarter of 2020 decreased by Baht 27 million or 7

, so that the company did not transfer water from Nongplalai reservoir to Chonburi area, and stop transfer water from Prasae reservoir to Nongplalai reservoir since June 2017. Other expenses decreased as

of Universal Utilities PLC at “A-” with “stable” outlook, which reflects low operating risk, growing demand for tap water, and reliable stream of cash. 5. RAW WATER BUSINESS Raw water revenue for 2017

. The specific business tax and transfer fees are in line with the income derived. 4.2 Administrative expenses For year 2016, the administrative expenses was decreased by Baht 483.74 Million or 95.70

transfer fees are in line with the income derived. 4.2 Administrative Expenses For year 2015, the administrative expenses was increased by Baht 393.34 Million or 350.84 percent compared to year 2014, due to

mainly due to cash and cash equivalents short term loan from financial institutions decreased due to the repayment of packing credit and short term loans- letter of credit that matured during the period

Nirvana Daii Public Company Limited (“NVD”), a 52%-owned subsidiary of Singha Estate, invested in January 2017. 1Q18 consolidated net profit grew 651% YoY, as the performance incorporated (non-cash) gains

transfer of real estate which increased by 102.47 million baht or an increase of 30.04% from the previous year. The revenue is divided as follows: Unit: Million Baht Projects Consolidated Revenue Project

by the SEC. “originator” means a person that transfers or will transfer an asset to or places or will place an asset with a special juristic person https://www.sec.or.th/TH/Documents